2-4 multi family in brooklyn, new investor

[Aaron Williamson]

Hi,

i'm in NYC and completely new to multi family investing. I have however worked for clients that have successfully bought and renovated multi family houses in the Brooklyn area. I've definitely been on the wrong side of the deal, I've gotten a fee but the greater profits come from coordinating the whole deal.

im an experienced architect so due diligence, navigating permits, contractors and construction I can handle but I'm a complete newbie when it comes to the best way to finance. 

id be looking at finding a good deal in a sagging market, completing a facelift renovation on all units then occupying one unit. 

i have an investor that will partner up in the venture with a legal background and we've narrowed down area, lot size, price point etc. 

my long winded way of asking a simple question is where do I start with obtaining a loan for financing? I've researched FHA etc., I'd love to hear from others who've been in the same position and what they've done before I jump into the arms of a mortgage broker.

i have great credit and earn a decent wage but from the preliminary research I've done it's a bit of a minefield out there and NYC is a beast in it's own right. Any help for this rookie would be appreciated.

thanks in advance 

[Jaysen Medhurst]

@Aaron Williamson, I don't think FHA is an option if you're going to bring in an investor. You should confirm that with your lender. Speaking of which, have you spoken to any? Start with your local banks and CUs.

What do you think your all-in price will be? Total rents? How much can you put down?